Toyota said it has been granted more patents from the United States Patent and Trademark Office (USPTO) than any other automaker, according to the annual report of the Intellectual Property Owners Association (IPO).
Despite a challenging year that saw an overall decline of 3% in patents granted across all industries in the US, Toyota ranked seventh among all companies granted patents in 2023, receiving a total of 2,667 patents.
Sandra Phillips Rogers, senior vice president of Corporate Resources and chief legal officer at Toyota Motor North America said: “These achievements continue to underscore Toyota’s unwavering commitment to innovation, particularly in areas critical to the future of mobility such as electrification and solutions best shipping.”
Globally, Toyota says it spends about $1 million an hour on R&D.
Frederick Mau, intellectual property consultant and director of Patent Licensing for Toyota Motor North America said: “Toyota team members work very aggressively in research and development to discover cutting-edge technology to push the company forward.”
See also: Technology patent trends and Toyota’s EV push
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